| China’s real estate sector, the pre-eminent driver of China’s growth, is in recovery mode, according to economists at Standard Chartered, as developers cut prices and local city governments began to ease real estate regulations. They believe warnings of an imminent nationwide housing market collapse are overblown.
Real estate, according to Lan Shen and Stephen Green of Standard Chartered, accounted for 12.4 percent of China’s total output in 2012. Real estate investment as a share of gross domestic product edged up to 13.8 percent last year, from 13 percent in 2011...............................................Full Article: Source |